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Get the free Median Forecasts for Selected Variables in the Current and ... - phil frb

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Release Date: May 10, 2013, SECOND QUARTER 2013 Outlook for Growth Holds Steady as Unemployment Outlook Improves The outlook for growth in the U.S. economy over the next three years is little changed
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Median forecast is the middle point of a set of forecasts sorted in ascending order.
The individuals or organizations responsible for forecasting the selected variable are required to file median forecasts.
To fill out median forecasts, one must analyze the historical data, consider the current trends, and make an educated estimate of the future value.
The purpose of median forecasts is to provide a central estimate that is less likely to be influenced by extreme values in the forecasts.
The reported median forecasts should include the selected variable, the time period for the forecast, and any assumptions or methodologies used.
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